The euro is continuing to press higher but has not yet hit that 1.4718 resistance level that many traders have been watching for. In today’s trading the Eur/Usd retraced to the 1.4561 which took me out of my long position I opened yesterday for break even.
Today was fantastic thanks to Trader66 a fellow that I interact with on Twitter, whom I highly recommend you follow as he gives great tips. He informed me that the Eur/Usd was breaking out of a triangle on a 10 minute chart and I looked at the chart and made my entry. Thanks trader 66 🙂
The current resistance level is at 1.4686 and the most recent support is at 1.4561. Keep watching the pair for a break of the 1.4686 to got to the next strong resistance of 1.4718 I would expect a bounce and strong pullback soon so be watching and waiting for that.
Here is a chart of the signal breakout of the triangle Trader 66 alerted me to.
I have published my trading log so you can view my trades so far this week. I highly recommend that you use a trading log and you can read more about that here.
Thanks for visiting and until next time. Le’ts keep the profits coming.
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